Full Tilt Poker rejects Ponzi allegations: lawyer

A lawyer for Full Tilt Poker rejected on Wednesday allegations made by federal prosecutors that the company and its board of directors operated the company as a global Ponzi scheme.

I disagree strongly with the allegation that FTP operated as a global Ponzi scheme, said Jeff Ifrah, an attorney based in Washington. FTP may have made mistakes, but I have seen no evidence to support the DOJ's characterization of it as a global Ponzi scheme.

U.S. prosecutors announced new allegations on Tuesday in its probe of the Full Tilt Poker website, accusing the company of paying its directors more than $440 million while defrauding its players.

Full Tilt was first charged in April along with two other Internet poker companies.

The case is USA v Pokerstars, et al, U.S. District Court for the Southern District of New York, No. 11-02654.